Logan Ridge Finance Co. (NASDAQ:LRFC) Sees Large Increase in Short Interest

Logan Ridge Finance Co. (NASDAQ:LRFC) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 5,400 shares, a growth of 35.0% from the March 15th total of 4,000 shares. Based on an average daily trading volume, of 8,200 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Logan Ridge Finance Trading Up 0.2 %

Shares of LRFC stock traded up $0.04 on Friday, reaching $18.02. 15,392 shares of the stock were exchanged, compared to its average volume of 5,886. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.12 and a quick ratio of 0.12. Logan Ridge Finance has a one year low of $17.30 and a one year high of $26.00. The stock has a market cap of $47.86 million, a PE ratio of -14.30 and a beta of 0.86. The stock has a 50 day moving average price of $22.37 and a 200 day moving average price of $23.90.

Logan Ridge Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were given a dividend of $0.36 per share. The ex-dividend date was Monday, March 24th. This represents a $1.44 dividend on an annualized basis and a yield of 7.99%. Logan Ridge Finance’s payout ratio is presently -2,880.00%.

Institutional Investors Weigh In On Logan Ridge Finance

A hedge fund recently raised its stake in Logan Ridge Finance stock. Repertoire Partners LP increased its stake in shares of Logan Ridge Finance Co. (NASDAQ:LRFC) by 101.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,000 shares of the company’s stock after purchasing an additional 47,938 shares during the period. Logan Ridge Finance makes up approximately 0.9% of Repertoire Partners LP’s investment portfolio, making the stock its 7th largest holding. Repertoire Partners LP owned about 3.56% of Logan Ridge Finance worth $2,374,000 as of its most recent SEC filing. 30.87% of the stock is currently owned by institutional investors.

Logan Ridge Finance Company Profile

Logan Ridge Finance Corporation, formerly known as, Capitala Finance Corp. is a Business Development Company specializing in senior subordinated debt and unitranche debt, unitranche loan, first-lien and second-lien loans, lower middle market and middle market, equity co-investment in sponsored companies.